Brokerages expect that Golar LNG Limited (NASDAQ:GLNG) will report earnings per share (EPS) of ($0.31) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Golar LNG’s earnings, with the lowest EPS estimate coming in at ($0.52) and the highest estimate coming in at ($0.15). Golar LNG reported earnings per share of ($0.38) in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.4%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, August 29th.
According to Zacks, analysts expect that Golar LNG will report full year earnings of ($0.64) per share for the current fiscal year, with EPS estimates ranging from ($0.92) to ($0.37). For the next year, analysts anticipate that the business will post earnings of $0.76 per share, with EPS estimates ranging from ($0.38) to $1.49. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Golar LNG.
Golar LNG (NASDAQ:GLNG) last released its quarterly earnings results on Tuesday, May 21st. The shipping company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.11). Golar LNG had a negative return on equity of 2.93% and a negative net margin of 52.68%. The business had revenue of $97.79 million for the quarter, compared to analysts’ expectations of $88.87 million.
Golar LNG stock traded up $0.09 during midday trading on Wednesday, reaching $13.37. 1,046,076 shares of the stock traded hands, compared to its average volume of 1,019,922. The company has a 50-day simple moving average of $16.12 and a two-hundred day simple moving average of $19.06. Golar LNG has a 12-month low of $12.43 and a 12-month high of $30.29. The firm has a market cap of $1.35 billion, a PE ratio of -35.18 and a beta of 0.66. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.
A number of institutional investors have recently made changes to their positions in GLNG. Massey Quick Simon & CO. LLC acquired a new stake in Golar LNG in the 1st quarter valued at about $42,000. Capital Bank & Trust Co acquired a new stake in Golar LNG in the 2nd quarter valued at about $43,000. Resources Investment Advisors LLC. acquired a new stake in Golar LNG in the 2nd quarter valued at about $55,000. Nisa Investment Advisors LLC raised its position in Golar LNG by 674.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,445 shares of the shipping company’s stock valued at $64,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Aperio Group LLC acquired a new stake in Golar LNG in the 2nd quarter valued at about $92,000. Institutional investors own 67.80% of the company’s stock.
Golar LNG Company Profile
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
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